FDI & NRI BUSINESS SERVICES

FDI & NRI Business Services

Non-Resident Indians (NRI) Investment Services

India is the fastest growing economy in the world with young population and innovative minds at work. India has made progress in last decade.

India has gained noteworthy ground as the GDP shifted from 7 per cent in the second quarter to 7.4 per cent in the third and thereby, guaranteeing the fact that India holds its position as the quickest developing significant economy on the planet. Besides GDP, key full-scale monetary pointers, for example, manufacturing output, inflation and financial services have been seen moving towards growth. A series of FDI and economic reforms for foreign investors has made India one of the favourite destination for foreign investment around the world. NRIs should not overlook this opportunity of investing in India by various ways to gain from potential benefits while Indian economy grows further.

Recent Reforms In Foreign Direct Investment (FDI)

On June 24th, 2016, DIPP has formally notified these changes in the FDI Policy which have come into immediate effect.

01

Civil Aviation

The Union government allowed foreign investors, other than overseas airlines, to bring in 100% FDI in airlines in India. And overseas or foreign airlines can make investment only up to 49% in the domestic airlines. In order to modernize airports, the government has also allowed 100% FDI in brownfield airport projects under the automatic route.

02

Defence sector

The Union government allowed foreign investors, other than overseas airlines, to bring in 100% FDI in airlines in India. And overseas or foreign airlines can make investment only up to 49% in the domestic airlines. In order to modernize airports, the government has also allowed 100% FDI in brownfield airport projects under the automatic route.

03

Single-Brand Retail

Under the new FDI rules, a relaxation has been made in local sourcing norms for Single Brand Retail Trading up to three years with the option of extending it by another five years. But there is a requirement for the Single Brand Retailer to produce goods with “cutting-edge & state-of the-art technology”.Previous to this,the 30 % sourcing commitment was stipulated in single-brand retail,& a waiver was given to the sourcing requirement if products deemed as having ‘state-of-the-art’ & ‘cutting edge’ technology.

04

Pharma sector

In order to give a fillip to the pharmaceutical sector, the government allowed foreign investors to bring in 74 per cent FDI in brownfield pharmaceuticals through the automatic route, while FDI beyond 74 per cent will require government approval route. According to the existing FDI policy, 100 per cent FDI is allowed under automatic route in greenfield pharma, while government approval route is required for FDI up to 100 per cent in brownfield pharma.

05

Prohibition list

FDI in real estate investment trusts (ReIT), atomic energy, Lottery, gambling, and railway operations has been prohibited under the new norms.

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